Loomis Sayles & Co. L P Sells 1,209 Shares of V2X, Inc. $VVX

Loomis Sayles & Co. L P lessened its holdings in shares of V2X, Inc. (NYSE:VVX) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 229,093 shares of the company’s stock after selling 1,209 shares during the quarter. Loomis Sayles & Co. L P’s holdings in V2X were worth $11,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in shares of V2X in the 2nd quarter worth approximately $25,000. CWM LLC raised its holdings in shares of V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company’s stock valued at $49,000 after acquiring an additional 698 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in V2X in the second quarter worth $73,000. Ameritas Investment Partners Inc. boosted its holdings in V2X by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company’s stock valued at $85,000 after acquiring an additional 275 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in V2X by 545.1% in the second quarter. AlphaQuest LLC now owns 2,187 shares of the company’s stock valued at $106,000 after acquiring an additional 1,848 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder American Industrial Partners C sold 2,250,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the transaction, the insider owned 5,750,001 shares of the company’s stock, valued at $316,250,055. This trade represents a 28.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dino M. Cusumano sold 2,250,000 shares of V2X stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total value of $123,750,000.00. Following the transaction, the director owned 5,750,001 shares of the company’s stock, valued at $316,250,055. The trade was a 28.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,900,000 shares of company stock worth $424,980,000. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VVX shares. Wall Street Zen upgraded shares of V2X from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Royal Bank Of Canada boosted their price target on shares of V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 4th. Zacks Research raised shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Truist Financial raised their price objective on shares of V2X from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Bank of America raised V2X from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.67.

V2X Stock Down 0.5%

NYSE:VVX opened at $54.57 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average price is $56.62 and its 200-day moving average price is $52.76. The company has a market capitalization of $1.72 billion, a PE ratio of 24.81, a P/E/G ratio of 0.59 and a beta of 0.26. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $63.74.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. V2X’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal year.

V2X Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.